National Savings

National Savings and Investments

YEARLY PLAN IS CLOSING

Notice is hereby given that National Savings and Investments Yearly Plan agreements will be terminated on 15 May 2008.

The value of all remaining holdings after 15 May 2008 will be transferred to a Director of Savings Residual Account. The Residual Account will earn interest at a variable rate and will be taxable. However, the interest will be paid without deduction of tax, so customers who are taxpayers will need to declare it to HM Revenue & Customs each year.

The rate of interest applicable as at 15 May and notice of subsequent changes will be notified in the London, Edinburgh and Belfast Gazettes.

Issued by National Savings and Investments on behalf of the Treasury